Form 4: Former Landbay Inc. Officer Jin Xiaowei Disposes of Shares

Former Landbay Inc. officer Jin Xiaowei reports the disposal of Class A Common Stock through transactions on April 1st and April 23rd, 2024.

Summary

• Jin Xiaowei, a former officer, director, and 10% owner of Landbay Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2024, 200,000 shares of Class A Common Stock were disposed of at a price of $0.001 per share.
• On April 23, 2024, 29,383,700 shares of Class A Common Stock were disposed of at a price of $0.0167 per share.
• The shares were indirectly held by Northern Ifurniture Inc.
• Following these transactions, Jin Xiaowei continues to indirectly own 0 shares through Northern Ifurniture Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but the disposal of a large number of shares by a former officer could be interpreted neutrally to slightly negatively depending on the context.

Industry Context

This filing indicates changes in ownership structure, which is a common occurrence in publicly traded companies. The disposal of shares by a former officer may or may not have implications for the company's future performance, depending on the reasons behind the sale and the overall market sentiment.

Stakeholder Impact

• The disposal of shares by a former officer could potentially impact shareholder confidence, depending on the market's interpretation of the transaction.

Key Dates